Question

Which act gives individuals the right to opt-out of having their information sold? a. Fair Credit Reporting Act b. Identity Theft and Assumption Deterrence Act c. Family Education Rights and Privacy Act d. The Gramm-Leach-Bliley Act

Answer 1

The correct answer is letter "D": The Gramm-Leach-Bliley Act.

Step-by-step explanation:

Financial institutions and banks usually sell account holders' sensitive information among other similar organizations. The Gramm-Leach-Bliley Act of 1992 signed by President Bill Clinton (1946-1993) gave for the first time individuals the option to not share their information among financial entities. That information includes bank balances, account numbers, or Social Security Numbers (SSN), just to mention a few.